Translator RO-EN
Oana Gavrila
- Fields
- Banks-Insurance, Companies, Social/Politics
- Writing for ZF since
- 2011
- Articles
- 8.731
ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronoun...
Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of...
Central Bank Postpones Collecting Bank Resolution Fund Contributions for Three Months
Romania's central bank board held an emergency meeting Friday and analyzed a series of relevant measures from the perspective of bank resolution, amid the economic effects of Covid-19 pandem...
Romania Unemployment Rate at 3.9% in 4Q/2019
Romania's seasonally adjusted unemployment rate stood at 3.9% in the fourth quarter of 2019, 0.1 percentage point higher than in the third quarter, data from the country's statistics board s...
Romania Grants 5%-10% Discount for Early Profit Tax Payments
Companies paying their first-quarter tax on profit early, by April 25, will get a discount of 5% to 10% of their due tax, the finance ministry said in a statement.
Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine months but no later than the end of the year.
Electromagnetica Proposes RON2.71M in Dividends
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, will seek shareholders' approval on April 28 to distribute dividends totaling RON2.7 million...
Electrolux Temporarily Halts Production in Satu Mare
Swedish home appliance manufacturing group Electrolux has temporarily shut down its cooking stove factory in Satu Mare, northern Romania, as the coronavirus crisis lowered demand.
Romanian Health Minister Resigns Amid Coronavirus Crisis
Romania's health minister Victor Costache stepped down from office Thursday morning as the country's healthcare system is facing mounting pressure and shortages in dealing with the coronavir...
Medlife Cuts Management Salaries, Puts Non-Critical Staff on Furlough
Medlife, the leader of the private medical services market in Romania, said Thursday it was halving the salaries of its management team for 45 days and sending all non-critical personnel on...
Czech Developer CTP Buys Equest Logistic Park Near Bucharest for EUR30M
Czech industrial property developer CTP has acquired Equest Logistic Park for approximately EUR30 million from Forum Serdika, real estate consultancy firm Cushman & Wakefield Echinox, which...
Tarom Suspends Domestic Flights for Two Weeks
Romanian state-owned airline Tarom announced it was suspending all domestic flights for two weeks starting March 25 at noon to help limit the spread of Covid-19.